Indian space co Skyroot becomes first $1 billion space-tech startup with GIC, Sherpalo, Blackrock backing

Skyroot Aerospace, an Indian space company, has achieved a valuation of one billion dollars. This milestone follows a recent funding round securing sixty million dollars. The company is preparing for its first orbital rocket launch. This achievement signals strong investor confidence in India's growing space sector. Skyroot aims to increase launch frequency and expand manufacturing capabilities.

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